INTUITIVE SURGICAL INC

508.06 +10.15 (+2.0%) Sell

ISRG investors elated by performance

13 min read

INTUITIVE SURGICAL INC delivered stellar performance on Tuesday. It gained +2.0% to close at 508.06. On a day when the overall market breadth was 35%, it closed higher than 7% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.

[Themes containing ISRG]

ISRG is currently in a down trend. The current bearish signal has generated a profit of +0.81% for investors in the last three months.

Trend

ISRG has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, ISRG outperformed the SP500 index on 57% days.

ISRG returned losses on 54% days in the last three months. During this time, it delivered on average -0.09% per day. It delivered it's worst daily return of -6.92%, during this period, on Monday, 19 Nov, 2018. There was initially a bullish trend during this period which started on 12 Sep, 2018 and went on till 14 Sep, 2018. The bullish trend returned +3.39% to investors. This was followed by a bearish trend that started on 2 Oct, 2018 and ended on 8 Oct, 2018. This bearish trend lost -8.65% of investor capital.

On monthly basis, ISRG delivered profits in more months over the last year, than losses. ISRG delivered profits less regularly than SP500 index. ISRG significantly outperformed SP500 index in Jan 2018, when it returned +15.04% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ISRG and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both ISRG and SP500 index significantly outperform during months when quarterly/annual results are announced.

Financial support is one thing, but I always think what becomes really sacrificial is your time.
-- Cliff Richard

ISRG is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ISRG's volatility from 28 Sep, 2018 to 20 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ISRG has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

Investors trading in ISRG derivatives at this moment can consider 'Covered Call' options strategy to receive better risk-adjusted returns.

SP500 index has more chance of extreme outcomes than ISRG. Therefore, SP500 must receive a lower allocation than ISRG in your portfolio. SP500 index usually has shorter drawdown period than ISRG.

Based on your interest in ISRG you may find it interesting to know that V, AMZN and CSCO are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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